Monthly Archives: <span>April 2008</span>

Agents and the Recession: Agents Tend to Fare Better Than Their Customers

Main Street independent insurance agents could take a bigger hit than their larger counterparts as an economic recession lands on top of the soft market. The soft market coinciding with a bad economy is a real challenge for independent property/casualty …

Agents in the East Find Recession Hurts Others More

Insurance agents across New England and the Mid-Atlantic are worried about how their customers and they will fare as the region’s economy continues to slow. “An agent’s business is a direct reflection of his clients’ business, so if clients are …

Southeast Agents Fear Recession as Construction Woes Continue

Southeast insurance agents do not all agree the economy is in a recession or on the causes of the slumping economy, but they do agree the dominoes are in place that could trigger a serious economic chain reaction. Roger Gibson, …

XL Earnings, Conf. Call

XL Capital Ltd. plans to release its first quarter 2008 financial results after the close of regular stock market trading hours on April 22. The company will host a conference call at 10 a.m. ET on April 23 to discuss …

New Website Launched for Insurance Agency Buyers and Sellers

Los Angeles, CA. – April 22, 2008 – Ganis Consulting, a California based Insurance Consultancy Firm, has launched its new website www.ganisco.com The site was developed to be a reference tool for insurance agency buyers and sellers. Ganis Consulting founder …

Flood Maps Anger N.J. Homeowners

Federal Emergency Management Administration officials have unleashed a torrent of complaints over new flood-zone maps in Monmouth County’s Bayshore region. The proposed maps show nearly 4,400 more homes at risk in Keansburg, Middletown, Hazlet and Union Beach. Residents questioned FEMA …

N.H. Town Employees Settle Over Being Fired For Gossiping

Two of the four women fired from town jobs in Hooksett, N.H. for gossiping have settled lawsuits against the town, according to the Associated Press. The town’s insurance company is paying $65,000 each to Joanne Drewniak and Jessica Skorupski for …

Trio Arrested for International Auto Fraud

Three individuals were arrested in California for allegedly being involved in a five-person conspiracy that resulted in a vehicle owned by one of the conspirators driven to Mexico where it was taken apart so that its parts could be used …

FBI: Dollar Loss From Internet Crime Reaches All-time High of $240 Million in 2007

Internet crimes in 2007 cost nearly $240 million, a $40 million increase from 2006, the Federal Bureau of Investigation reported. According to the FBI’s 2007 Internet Crime Report, the Internet Crime Complaint Center (IC3) received 206,884 complaints of crimes perpetrated …

Climate Change Risk Gives Industry An Opportunity to Be Part of the Solution

Global warming, the consequence of which is referred to as climate change, is the heating of the earth’s surface temperature caused by man-made activity linked to release of greenhouse gases (GHGs). The burning of fossil fuels account for more than …